Dropbox Stock Technical Analysis

DBX Stock  USD 24.44  0.01  0.04%   
As of the 28th of March, Dropbox shows the Standard Deviation of 3.17, variance of 10.05, and Mean Deviation of 1.51. Dropbox technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed thirteen technical drivers for Dropbox, which can be compared to its rivals. Please confirm Dropbox variance and potential upside to decide if Dropbox is priced favorably, providing market reflects its regular price of 24.44 per share. Given that Dropbox has information ratio of (0.12), we urge you to verify Dropbox's prevailing market performance to make sure the company can sustain itself at a future point.

Dropbox Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Dropbox, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Dropbox
  
Dropbox's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Dropbox Analyst Consensus

Target PriceAdvice# of Analysts
31.14Buy13Odds
Dropbox current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Dropbox analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Dropbox stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Dropbox, talking to its executives and customers, or listening to Dropbox conference calls.
Dropbox Analyst Advice Details
Dropbox technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dropbox technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dropbox trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Dropbox Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Dropbox volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Dropbox Trend Analysis

Use this graph to draw trend lines for Dropbox. You can use it to identify possible trend reversals for Dropbox as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Dropbox price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Dropbox Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Dropbox applied against its price change over selected period. The best fit line has a slop of   0.16  , which may imply that the returns on investment in Dropbox will continue to fail. It has 122 observation points and a regression sum of squares at 987.91, which is the sum of squared deviations for the predicted Dropbox price change compared to its average price change.

About Dropbox Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Dropbox on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Dropbox based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Dropbox price pattern first instead of the macroeconomic environment surrounding Dropbox. By analyzing Dropbox's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Dropbox's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Dropbox specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2022 2023 (projected)
Dividend Yield1.0E-51.1E-5
Price To Sales Ratio3.484.02

Dropbox March 28, 2024 Technical Indicators

Most technical analysis of Dropbox help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Dropbox from various momentum indicators to cycle indicators. When you analyze Dropbox charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Dropbox March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Dropbox stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Dropbox offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dropbox's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dropbox Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dropbox Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dropbox. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Dropbox Stock please use our How to Invest in Dropbox guide.
Note that the Dropbox information on this page should be used as a complementary analysis to other Dropbox's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Dropbox Stock analysis

When running Dropbox's price analysis, check to measure Dropbox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dropbox is operating at the current time. Most of Dropbox's value examination focuses on studying past and present price action to predict the probability of Dropbox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dropbox's price. Additionally, you may evaluate how the addition of Dropbox to your portfolios can decrease your overall portfolio volatility.
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Is Dropbox's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dropbox. If investors know Dropbox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dropbox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Earnings Share
1.31
Revenue Per Share
7.332
Quarterly Revenue Growth
0.06
Return On Assets
0.0787
The market value of Dropbox is measured differently than its book value, which is the value of Dropbox that is recorded on the company's balance sheet. Investors also form their own opinion of Dropbox's value that differs from its market value or its book value, called intrinsic value, which is Dropbox's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dropbox's market value can be influenced by many factors that don't directly affect Dropbox's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dropbox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dropbox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dropbox's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.